Trend: Caspian Sea’s status problem – potential source of more problems

The change in the situation with the gas giants of the Caspian region – Turkmenistan and Iran – can affect the problem of the Caspian Sea’s status, which, as it just recently seemed, could be solved in the near future.

All the Caspian countries were assuring in September 2014 that the next summit of the heads of state of the ‘Caspian Five’ will find a definitive solution to the complex issue of delimitating the Caspian Sea’s bottom.

At the time, during the 4th summit of the heads of state, the five Caspian countries managed after many years to agree on the key principles of the sea’s status. However, since then the situation has changed dramatically. This was affected both by the sharp deterioration of relations between Moscow and the West, and the improvement in the climate of relations between Iran and the EU, as well as by Turkmenistan’s decision to switch from two major buyers of gas to the markets of the European Union.

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